Assume you have shorted a put option on Ford stock with a strike price of $$8.$ The option will expire in exactly six months.

a$.$ If the stock is trading at $$3$ in six months, what will you owe?

b$.$ If the stock is trading at $$23$ in six months, what will you owe?

c$.$ Draw a payoff diagram showing the amount you owe at expiration as a function of the stock price at expiration.

a$.$ If the stock is trading at $$3$ in six months, what will you owe?

If the stock is trading at $$3$ in six months, you will owe $$.($Round to the nearest dollar.$)$

b$.$ If the stock is trading at $$23$ in six months, what will you owe?

If the stock is trading at $$23$ in six months, you will owe $$.($Round to the nearest dollar.$)$

c$.$ Draw a payoff diagram showing the amount you owe at expiration as a function of the stock price at expiration.

Which of the graphs below best represents the payoff diagram showing the amount you owe? $($Select the best choice below.$)$

A$.$

Stock Price $(($$$)$

C$.$

Stock Price $($ $ $)$